‘Slow recovery’ for employment in August, ADP says in jobs report

Private-sector employment nationwide grew by 428,000 jobs in August, according to the latest report from Roseland-based payroll and human resources company ADP.

In its monthly National Employment Report covering total U.S. nonfarm private employment, the company’s ADP Research Institute found that large businesses — with more than 500 employees — were the driving force for the month, adding 298,000 jobs from July to August.

Medium-sized businesses, with 50-499 workers, added 79,000 jobs for the month, while small businesses of under 50 employees added 52,000 jobs.

“The August job postings demonstrate a slow recovery,” Ahu Yildirmaz, vice president and co-head of the research institute, said in a prepared statement. “Job gains are minimal, and businesses across all sizes and sectors have yet to come close to their pre-COVID-19 employment levels.”

The services sector added 389,000 jobs, while the goods-producing sector added 40,000. Among industries, leisure and hospitality added 129,000 jobs, while education and health services added 100,000. Construction led the way for goods-producing industries, adding 28,000 jobs. The only one of 10 industries to lose jobs in August was information, with a loss of 1,000 positions.

The report is produced in conjunction with Moody’s Analytics.

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